August 13, 2015

Market outlook

- trend is down on daily charts
- today, markets traded in previous day's range
- tomorrow, sustaining above today's high will be bullish
- immediate support is at 8300 break of which can lead to a bigger fall
- note that around 8290, current fall will equal previous correction (JUL)
- so 8300 +/- 20 points becomes even more important.
- option writing support 8200 resistance 8600

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